5.29 BTC Midnight Analysis

Trend:

Recently, BTC has been fluctuating downward, with a slight rebound after a series of bearish candles in the short term.

The BOLL channel is widening, indicating increased short-term volatility.

There was brief support near the lower band, but the rebound strength is moderate, and there is significant pressure at the upper middle band.

News

Recent comments from Federal Reserve officials have been hawkish, increasing market risk-averse sentiment.

BTC miners are still under selling pressure, and U.S. stocks have weakened recently, leading to an overall decrease in risk appetite.

Altcoins are following BTC's decline, and there is a heavy wait-and-see sentiment among investors.

Short-term Strategy: Mainly short positions, cautious on long positions.

Shorting:

Short positions can be taken in the range of 108500-109500.

Long positions:

Long positions can be attempted in the range of 106000-107000.

The overall trend is bearish; if it breaks below 106800, be cautious of a rapid decline and carefully pursue short positions!